BCI Minerals Ltd (AU:BCI) has released an update.
BCI Minerals Ltd has inked a pivotal 21-year, $598 million transhipment service contract with CSL Australia for the Mardie Salt and Potash Project. The agreement will enable BCI to leverage a custom-built vessel, enhancing strategic advantages by permitting the loading of large ocean-going vessels without the need for a deep-water port. The new vessel is set to bolster BCI’s shipping capabilities significantly by 2027, following an initial phase with the temporary vessel ‘Osprey’.
For further insights into AU:BCI stock, check out TipRanks’ Stock Analysis page.